I've been attending the life after college sessions to help grasp an idea of what it's like to set up your own business and understand how to get a job as a creative. I love the idea of working for someone else but since being younger I've always had the vision of setting up my own clothing company. I plan on attending the Life after college sessions throughout july and august with my business partner as In September I'm going to try and open a clothing company called 'The Universes Pupils'. This experience is offered by the company life after college to Yorkshire Universities its £90 and is a 4 day course in Doncaster so I'm rather excited to get going.
During the life after college sessions I made a lot of notes that were and will be very helpful to me in the future. I pitched my business Idea to the rest of the group and gained some feedback. I will be updating my PPD with a business plan further down the line.
Some of my notes from the Session are below...
7% to GDP Gross domestic product
Employ 6,000,000 people
As soon as you offer goods, let alone sell them, you need to be registered self-employed. HMRC Register online. Keep all receipts, invoices and document ingoing’s and outgoings.
-Pin board of receipts, divided into months is a good device to cut down on coasts for an accountant.
The Creative Entrepreneur
10 attributes for success
Creative entrepreneurs are driven by the work itself.
-For others, being in business is an end in itself.
-For creative entrepreneurs, being in business is a means to an end.
Creative enterprises are characterised by freelance or micro business.
-Portfolio workers adapting their skills to a range of employers.
-But minimises need to take on responsibilities for leadership, management, human resource development etc.
-Limits potential for business growth.
-The sector does not conform to traditional industrial definitions.
-Prototype, equipment, reproduction and distribituion.
-Sector is often more collaborative.
Creative entrepeneurs appear to be financially risk averse not because they are airheads but;
-They want to protect their integrity.
-They want to retain control.
-They take unintelligible risks
-They may not know the business rules of the game
-But they will improvise.
Creative entrepreneurs tend to go for local markets.
-Fear of strategic planning.
-Weakness in making connections.
-But knowledge economy makes global business an opportunity even for new creative entrepreneurs.
ARTS COUNCIL FUNDING
-A clear sense of values and beliefs underpinning creative business decisions.
-Values are an anchor for business, express your values before starting a business plan etc.
-Particularly in difficult or challenging circumstances.
Uses fresh approaches.
Comes up with crazy new ideas leading to new or radical change.
Listens to new ideas without pre-judgement
-Planning and managing to turn into reality.
-Managing critical links between people, ideas and information at all stages in the project lifecycle.
-Understanding how to negotiate, how to communicate with tact and reach agreements, which are acceptable to the project.
-Evaluating effectiveness of project planning an implementation.
-Operates from hope of success rather than from fear of failure.
-Persists in pursuing goals despite obstacles and setbacks.
-Sees setbacks as due to manageable circumstance rather than as a personal flaw.
-Learns how to assess choices responsibly.
-Weights outcomes against values and responsibilities.
-Builds total capability of the team-Including freelancers!
Uses imagination to devlop new ideas and insights.
Turns innovative ideas into products, services, business process
Where’s your head? Where’s your heart?